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Bangladesh Garment Market Diversification: China, the Major Destination for Bangladesh Apparel

Journal: World Academic Journal of Business & Applied Sciences (WAJBAS) (Vol.2, No. 1)

Publication Date:

Authors : ;

Page : 300-310

Keywords : RMG Ready Made Garment;

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China is the very dynamic and potential market for Bangladesh apparels. Traditionally Bangladesh depended on two major market one is USA market and EU market. More than 5000 garment factory and more than 3.6 million labors are depending on the garment. Only two markets depend make high risk for our garment. The US is a country of only 312 million people while Chinese population is more than 1.34 billion. So, if we can grab a minimum portion of Chinese clothing market that will be much higher than our export to the US. China will export apparel items to USA and other big markets outsourcing from Bangladesh and many other major producers. So, it will continue dominating global clothing market for many years. China clothing market demand will reach US$87 billion by 2014. Bangladesh like to receive boost Chinese order coming year following the combination of low labor cost and duty free access. Last five year Bangladesh garment export Chinese market as the growth rate 179%. As part of Bangladesh efforts to diversify export markets China become a major export destination for Bangladesh Garments. China could be the new big market for the Bangladesh garment.

Last modified: 2014-01-25 01:54:05